Indonesia Oil and Gas Downstream Companies (2024 - 2029)

Indonesia Oil and Gas Downstream Market Companies Summary

The Indonesian oil and gas downstream market is projected to experience growth over the next few years. This growth is expected to be driven by factors such as increasing demand for petrochemical products, growing oil and gas consumption, and rising investments in refinery and petrochemical projects. However, the growth of the market may be hindered by the increasing adoption of electric vehicles. The refining segment of the market is expected to dominate, due to increasing refining capacities across the country. The modernization and digitalization of the refining and petrochemical sectors are also expected to create opportunities for the market by reducing refining costs. Significant demand for the Indonesian oil and gas downstream market has been generated by the refineries segment in recent years, and this trend is expected to continue. The country's oil refining capacity has grown over the past decade, and this growth is expected to continue due to increasing consumption of oil products. The country's plans to almost double its oil refining capacity and reduce its dependence on fuel product imports are also expected to contribute to the growth of the market. The increasing demand for oil and gas in the country, driven by the growing economy, industrial sector, and commercial sector, is expected to lead to significant investments by major players in the market. The market is moderately consolidated, with a few key players dominating.